AN ACT RELATIVE TO THE IPSWICH AFFORDABLE HOUSING TRUST FUND.

SECTION 2. The terms of any trustees serving on the board of trustees established under chapter 145 of the acts of 2004 are hereby terminated and the offices of that board are hereby abolished. The board of trustees of the Ipswich Affordable Housing Trust Fund established under section 55C of chapter 44 of the General Laws shall be the lawful successor of the board of trustees established under chapter 145 of the acts of 2004.

SECTION 3. All funds, real and personal property, and other assets in the care, custody and control of the board of trustees established under chapter 145 of the acts of 2004 are hereby transferred to the care, custody and control of the board of trustees of the Ipswich Affordable Housing Trust Fund established under section 55C of chapter 44 of the General Laws.